spacetoday.net: space news from around the webin association with SpaceNews


EADS expects continued losses from space business
Posted: Fri, Nov 15, 2002, 7:45 AM ET (1245 GMT)
The European Aeronautic Defence and Space Company (EADS), Europe's largest aerospace company, said Thursday that it does not expect a profit from its space business through at least 2003. Through the first nine months of 2002 the space division of EADS reported a loss of 101 million euros (US$101 million), including a loss of 8 million euros (US$8 million) in the fiscal third quarter. Revenues for the space division in the first nine months of 2002 were 1.39 billion euros (US$1.39 billion), a drop of 10 percent compared to the same period a year ago. EADS CFO Hans Peter Ring said in a conference call Thursday that the company does not expect an operating profit from the space division through 2003. "With no market recovery in sight, management attention to restructuring and operating costs remains a top priority," the company said in a statement. EADS is a stakeholder in both launch vehicle company Arianespace and satellite manufacturer Astrium.
Related Links:
<<previous article   next article>>
news in brief
Kepler goes into safe mode as fuel runs low
Posted: Sun, Jul 8 9:43 AM ET (1343 GMT)

Inmarsat rejets EcoStar takeover bid
Posted: Sun, Jul 8 9:42 AM ET (1342 GMT)

Shuttle-era engine tested for DARPA spaceplane
Posted: Sun, Jul 8 9:41 AM ET (1341 GMT)

news links
Saturday, August 18
Get an Inside Look at SpaceX's Astronaut Training Sims
Wired News — 8:52 am ET (1252 GMT)
Space Force, Done Right, Will Move U.S. Ahead
The Heritage Foundation — 8:50 am ET (1250 GMT)
National Academies: NASA needs a plan for Mars
The Planetary Society — 8:50 am ET (1250 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list